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Elon Musk became the world's first trillionaire on June 12, 2026. One trillion dollars — a 1 with 12 zeros — could fund global poverty relief 166 times or give $125 to every person on Earth. Spending $1 million daily would take 2,700 years to finish.
Bank of Japan Governor hospitalized, will miss next week's policy meeting, Kyodo News reports. The unexpected absence raises questions about decision-making on interest rates and monetary policy. No further details on his health condition have been released.
Japan's economy grew at an annualized rate of 1.8% in Q1 2026, revised down from 2.1% due to slower capital investment. Personal consumption rose 0.6% and exports contributed positively, but labor shortages and rising input costs pose challenges. The data will influence the Bank of Japan's monetary policy review.
Japan's real wages rose 1.9% year-on-year in April, the fourth straight monthly increase, according to data from the Ministry of Health, Labour and Welfare. The figure exceeded economists' forecasts, reflecting tight labor market conditions and ongoing corporate wage hikes.
Preliminary results show Prime Minister Robert Abela's Labour Party has won an early election in Malta, securing an unprecedented fourth consecutive term. Abela campaigned on economic stability and a strong mandate, while opposition PN conceded but noted a narrowed majority.
Malta holds a snap election on Saturday, with the economy as the central issue. The ruling Labour Party is forecast to win, but the centrist Nationalist Party hopes to spring a surprise.
Japan’s Finance Ministry confirmed a record ¥11.73 trillion ($74 billion) in forex intervention during April and May to support the yen. The move came amid heightened Middle East tensions driving up import costs and yen weakness. It was the largest intervention since 2022, signaling Tokyo’s resolve to stabilize the currency.
South Korea’s finance minister has vowed to turn cosmetics into a key export sector, riding on the global popularity of K-beauty. This move aims to diversify the economy and bolster exports.
Japan's unemployment rate fell to 2.5% in April 2026, the lowest level since the start of the year. The figure marks a decline from 2.6% in March, indicating improvement in the labor market.
